• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Content & Games

PUBG creator Krafton files for IPO pegged to break market records

Richard Park by Richard Park
June 16, 2021
in Content & Games
0
Krafton

Krafton created the hit mobile game PUBG in 2017.

0
SHARES
223
VIEWS
Share on FacebookShare on Twitter

Krafton Inc., the Korean gaming startup behind superhit mobile game PlayerUnknown’s Battlegrounds (PUBG), is set to go public in July as it filed for its IPO on the KOSPI on June 16. Krafton’s IPO (Initial Public Offering) will raise as much as $5 billion or 5.6 trillion won, and likely to be the country’s largest ever public issue, exceeding the previous record of 4.8 trillion won of Samsung Life IPO.  

The gaming company plans to sell more than 10 million shares for 458,000 won to 557,000 won ($400-$500) per share, Krafton said at the filing. 7.03 million new shares and 303,230 existing ones will be offered to entities and individuals with special relationships.

Subscription opens in July second week 

The Korean gaming company is scheduled to hold a two-week book-building session for institutional investors from June 28 through July 7. It plans to accept public subscriptions on July 14 and 15. Mirae Asset Securities is the lead manager overseeing the process with co-hosts Credit Suisse, NH Investment & Securities, Citigroup Global Market Security, and JP Morgan, while Samsung Securities is the underwriter. Krafton will allow public subscriptions at multiple brokerage houses registered with the Korea Exchange (KRX) before June 18. This move is expected to bring in record-breaking deposits.  

 The expected capital between 4.6 trillion won and 5.6 trillion won will make Krafton the largest gaming company in South Korea. Its market capitalization is expected to increase between $20 billion (23 trillion won) and $25 billion (29 trillion won), surpassing the current leader NCsoft which has a market capitalization of $16 billion or 18.6 trillion won, followed by Netmarble and Kakao Games.

Krafton reported $412 million or 461 billion won in sales in the first quarter of 2021, with an operating profit of $202 million or 227.2 billion won. Its overseas sales accounted for 94 percent of the total at $392 million or 439 billion won. Krafton had launched “Battlegrounds” for PCs and consoles in 2017 and sold more than 70 million copies. The success led to the mobile version launch, which saw over 1 billion global downloads in April 2021.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: IPOJuly 2021Korean Gaming CompanyKraftonPUBG
Previous Post

What Is The Difference Between SEO as well as PPC?

Next Post

SGSC 2021 Global Bootcamp: Korean startups gather knowledge about a perfect pitch to investors  

Next Post
SGSC 2021 Global Bootcamp - Day 4

SGSC 2021 Global Bootcamp: Korean startups gather knowledge about a perfect pitch to investors  

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean startups to showcase technological proficiency at CES 2023 from January 5 to 8 in Las Vegas 

    0 shares
    Share 0 Tweet 0
  • Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million

    0 shares
    Share 0 Tweet 0
  • Korean startups creating the K-Beauty buzz worldwide

    11 shares
    Share 11 Tweet 0
  • BANF’s Autonomous Truck Tire Monitoring System to revolutionize the tire industry with its smart sensor system

    0 shares
    Share 0 Tweet 0
  • Korean EV charging solution company Pluglink signs investment contract with KDB Infrastructure Asset Management

    0 shares
    Share 0 Tweet 0
  • Elinha, that operates a K-beauty platform for Japanese consumers, attracts investment

    0 shares
    Share 0 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.